ABHISHEK BHATT

Leading the Accounts Payable, Procurement & vendor management operations. Major KRA is to:-

• Oversee purchase requisitions, PO creation, invoice validation, and timely payments with strong internal controls.
• Identify cost-effective suppliers, negotiate contracts, and implement sourcing strategies aligned with business goals
• Review and approve invoices for payment, ensuring that they comply with company policies and procedures.
• Ensure vendor qualification, performance monitoring, and compliance with legal and internal policies.
• Manage vendor relationships, including resolving any payment discrepancies or disputes.
• Finalize contracts with clear SLAs, manage procurement risks, and ensure legal co-ordination.
• Drive the vendor Reconciliation process with Signoff’s every quarter and handling exceptions.
• Manage month-end and year-end closing activities related to accounts payable.
• Prepare reports on accounts payable for senior management advisory and board.
• Manage strategic measurable KPIs, including: -

A. Invoice Processing Accuracy

B. % Vendor Payment within Due Date

C. Procurement Cost Savings vs Budget

D. PO Compliance Rate

E. Early Payment Discounts Captured

F. Vendor Query Resolution TAT

G. GST, TDS & MSME Compliance Accuracy

H. GRIR Ageing Resolution

I. Payment Reconciliation Accuracy

Statutory Compliances

• Spearheaded GST compliance including return filing, input/output reconciliation, and liaison with consultants for assessment closures and refunds.
• Ensured 100% adherence to TDS provisions; managed filings, addressed departmental queries, and facilitated smooth assessment processes.
• Administered MSME compliance, including timely return filings as per statutory norms.

Handling Internal, External and Statutory Audit

• Handling various Audits Like Tax Audit, Internal Audit, Risk control Audit & Statutory Audit
• Ensure the smooth transition of the data with the auditors.
• Reviewed the Audit reports and ensured the elimination of the gaps if any identified in the report.
• Resolving the auditor queries and providing justification against the observations.

Process Automation

• Automated the process of vendor invoice submission, approval & Query Management.
• Automated the process of Invoice Submission to the customers, approval & Query Management.
• Performed various automation in the ERP environment of the Microsoft Dynamics.

Team Building & Management

• Lead and manage a team of professionals.
• Provide guidance, training, and support to team members.
• Foster a collaborative and efficient working environment.

Spearheaded the Accounts Payable function :-

• Ensured timely and accurate processing of vendor invoices, compliance with tax regulations (GST/TDS), and adherence to internal controls.
• Drive continuous improvement in AP cycle time, vendor satisfaction, and payment reconciliation accuracy.

Led Accounts Payable, Vendor Management, O&M Cost review & RE Contract

Being a part of Accounts Payable team, Handled Accounting and Provisioning of Telecom Operator Companies Infra & Utilities Cost.

Was a Part of Accounts Payable Team, Managed processing of Vendor Invoices, Statutory Compliances & Payment reconciliation accuracy

Handled Accounts Payable & Vendor Management